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9502 Fry Rd
Cypress, TX 77433

Mister Car Wash · Specialty Property For Sale · 5,435 SF

Investment Highlights

  • New 15-year absolute NNN ground lease to Mister Car Wash, a leading national brand with over 450 locations
  • Mister Car Wash is the largest car wash operator nationwide with 450+ locations across 21 states, ensuring strong brand presence and long-term tenant
  • Dense 5-mile population of 229,725 residents (expected to increase by 11%+ by 2029)
  • 1.5% annual rent escalations in the initial term and options
  • Direct access to more than 40,000 vehicles per day near the signalized hard corner of Fry Road and Tuckerton Road
  • 1-mile population has increased by nearly 800% since 2010

Executive Summary

This Mister Car Wash is located near the signalized hard corner of Fry Road and Tuckerton Road, which experiences a high-traffic count of 41,894 vehicles per day. The property is within walking distance of Cypress’s master-planned communities such as Bridgeland, Cypress Lakes, Blackhorse Ranch, Towne Lake, and Miramesa. Prime location minutes from Lone Star College - CyFair Campus, Bridgeland High School, and Cypress Ranch High School, establishing a built-in customer base of more than 20,000 students. The population within a one-mile radius of the site has increased by nearly 800% since the 2010 U.S. Census and by 61% since the 2020 U.S. Census, illustrating the area’s rapid growth. Located in an extremely affluent region with an average annual household income of $221,069 within a one-mile radius (projected to increase by 20% over the next five years). The population count within a five-mile radius of the site is 229,725 (a 14% increase since the 2020 U.S. Census). Cypress is located less than 25 miles northwest of Downtown Houston, the most populous city in Texas with a current metro area population of 6.8 million.

PROPERTY FACTS

Sale Type Investment
Cap Rate 5.50%
Sale Conditions 1031 Exchange
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.03 AC
Building Size 5,435 SF
No. Stories 1
Year Built 2024
Parking Ratio 3.68/1,000 SF
  • Listing ID: 34325030

  • Date on Market: 12/30/2024

  • Last Updated:

  • Address: 9502 Fry Rd, Cypress, TX 77433

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